Kensington acquires heat recovery plant from Riverstone-backed Mistral
Kensington Power Income Fund has made an undisclosed investment for the purchase of Crowsnest Pass Power Plant, a heat recovery plant located in Sparwood, British Columbia, from Mistral Power Inc. Mistral Power is a developer of green energy and co-generation opportunities for Calgary-based Mistral Energy Inc, which has been a portfolio company of U.S. private equity firm Riverstone Holdings since Jul. 2010. With the deal's closing this month, Kensington owns all or part of six different power plants located in Western Canada. Kensington Power Income Fund is managed by Toronto-based alternative assets manager Kensington Capital Partners.
11 December 2013•3 mins read
